EUR/USD broke out from the channel to the down side, but without power. Fake break out? Maybe, support line at 1.3439 even has not been touch yet. We must respect the fact – price moved down below channel line and accept it without thinking too much fake break out or not. Until resistance line at 1.3737 has not been broken, trend is negative.

eurusd

EUR/USDTrendSupportResistance
Short TermNegative1.35131.3670
Long TermNegative1.34391.3737